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Report: The Trump administration will extend its resource strategy for Venezuela from oil to minerals such as gold, and is considering signing a related executive order.
According to Reuters, citing sources, the move is aimed at further solidifying U.S. control over Venezuela's natural resources and opening the door for U.S. capital to enter the country's mining secto
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Iraq's New PM Ali al-Zaidi Announces Plan to Raise Oil Production to 8-10 Million BPD Within Six Years, Potentially Surpassing Saudi Arabia
Iraq's New PM Ali al-Zaidi Announces Plan to Raise Oil Production to 8-10 Million BPD Within Six Years, Potentially Surpassing Saudi Arabia
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Rosneft has begun shipping oil from its Arctic Vostok Oil project, with an estimated 30 million tons expected to be delivered in the second half of 2027.
Rosneft has commenced oil shipments from its Vostok Oil project in the Arctic, with Russian President Vladimir Putin overseeing the launch ceremony via video link. The project, with an estimated resou
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Energy Aspects Founder Amrita Sen Predicts Crude Oil Poised for Significant Leg Higher
Sen attributes this outlook to ongoing disruptions in the Strait of Hormuz and China's demand for oil, telling Bloomberg Television that crude is expected to "close that gap" with already high diesel
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Adnoc Reportedly in Talks to Acquire Stakes in Thai and African Refineries
Abu Dhabi National Oil Co. (Adnoc) is reportedly in discussions with major refining companies in Thailand and Africa to invest in their businesses. This move aims to secure customers for Adnoc's crude
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OPEC+ Key Members Decide to Maintain Oil Production Quotas
OPEC+ major members have decided to maintain oil production quotas, following significant oil output shutdowns in the Middle East due to the war in Iran.
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Iran War Halves Hormuz Strait Oil Flows to 6-8 Million BPD, Forcing Global Trade Route Rewrites and Adding $330 Billion to Import Costs
The ongoing conflict has compelled Middle Eastern oil exporters like Saudi Arabia and the UAE to divert crude through alternative routes such as the Bab el-Mandeb Strait and Fujairah port, despite exi
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Yahoo Finance analyst Todd Shriber increased his stake in Chevron (CVX) despite Donald Trump's past criticism of major oil companies.
Yahoo Finance analyst Todd Shriber stated that he increased his holdings in Chevron (CVX), citing the company's strong long-term fundamentals and benefits from the Venezuela catalyst, despite former U
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Chinese Energy Giants Tap Brazil for Imports, Oil Field Exploration
China's three major state-owned petroleum companies are diversifying crude oil sourcing and ramping up domestic and overseas production in joint efforts with the government to bolster energy security
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Donald Trump reached an oil deal with Venezuela, granting the U.S. control over most of Venezuela's oil wealth, raising concerns among U.S. oil executives.
U.S. President Donald Trump stated that a broad oil deal he reached with Venezuela could be "the best deal ever signed," a pact that effectively grants the U.S. control over much of Venezuela's oil we
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Al Jazeera: Russian Jet-Powered Drone Attacks Kill Dozens in Ukraine; Russia Extends Diesel Export Ban This Week Amid Shortages
Al Jazeera reports that Russian jet-powered drones have killed dozens of civilians in Ukraine, including 38 in the village of Myra on August 29 and another 12 nationwide on September 1. A spokesman fo
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Meridian Contrarian Fund Cuts California Resources Corp. (CRC) Position in Q2 2026, Anticipating Downturn Due to Easing Middle East Tensions and Resumed Oil Supply
Meridian Contrarian Fund, in its Q2 2026 investor letter, stated it reduced its position in California Resources Corporation (CRC) due to optimism for a resolution in the Middle East and partial resum
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A $1.6 billion quantitative ETF significantly increased its oil holdings due to advisor departures and a long-term restructuring.
A $1.6 billion quantitative ETF significantly increased its oil holdings due to advisor departures and a long-term restructuring.
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Oil Tanker Firms TNK and DHT Surge 74% and 86% YTD as Fleets Avoid Hormuz Amid "Permanent Uncertainty" Over Strait's Oil Flow
Teekay Tankers (TNK) and DHT Holdings (DHT) have seen their shares climb 74% and 86% year-to-date respectively, with both companies' fleets deliberately avoiding the Strait of Hormuz. This comes as Su
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Ukraine Attacks Repair Vessels at Key Black Sea Oil Moorings
Ukraine attacked a small service vessel that was involved in planned maintenance work at a critical CPC oil mooring facility in the Black Sea, a source familiar with the situation said.
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Russia's oil revenue sank to a six-month low in August, due to lower export prices
Russia's oil revenue slumped to a six-month low in August, reflecting lower export prices and compounding pressure on the Kremlin’s ability to finance its war in Ukraine.
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U.S.-Venezuela oil cooperation is accelerating, with the White House stating that crude oil under the agreement could enter U.S. reserves as early as November. Chevron plans to invest $7 billion to expand production, and its stock price hit an all-time high on Wednesday.
Oil cooperation between the United States and Venezuela is accelerating. White House spokesperson Anna Kelly stated on Wednesday that crude oil obtained through the agreement with Venezuela could reac
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The United States and Venezuela announced an oil agreement that will give Washington broad control over a portion of Venezuela's oil production.
The United States and Venezuela announced an oil agreement that will give Washington broad control over a portion of Venezuela's oil production.
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US Energy Secretary Wright Says China Won’t Have Claims to Venezuelan Oil Revenue
US Energy Secretary Chris Wright stated that China won’t have any debt claims to the revenue from new production, as private companies are on the cusp of signing a series of deals that will put Venezu
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OPEC+ meeting on Sunday will not make any oil output policy decision, will focus on discussing market, three sources say
OPEC+ meeting on Sunday will not make any oil output policy decision, will focus on discussing market, three sources say
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Stephen Schork: Replenishing US Strategic Petroleum Reserve with Venezuelan Oil Is "Pure Fantasy"
Stephen Schork stated that replenishing the U.S. Strategic Petroleum Reserve (SPR) with Venezuelan oil is "pure fantasy." He also discussed U.S. refining capacity and SPR levels.
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Venezuela’s New Crop of Oil Barons Step Up the Dealmaking
The country’s next generation of tycoons looks very different to what came before.
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WRIGHT expects Venezuela's oil output to exceed 1.5 million barrels per day by the first half of next year
WRIGHT expects Venezuela's oil output to exceed 1.5 million barrels per day by the first half of next year
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WRIGHT: Over 17 Million Barrels of Oil Flowed Through Strait of Hormuz on Monday
WRIGHT: Over 17 Million Barrels of Oil Flowed Through Strait of Hormuz on Monday
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Saudi Arabia seeks to increase oil exports via the Strait of Hormuz after a key pipeline was attacked and shut down, according to people familiar with the matter.
Saudi Arabia seeks to increase oil exports via the Strait of Hormuz after a key pipeline was attacked and shut down, according to people familiar with the matter.
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Saudi Arabia's East-West oil pipeline could remain largely offline for 3-5 weeks following last week's drone attack, AP reports, adding further pressure to global oil supply.
Saudi Arabia's East-West oil pipeline could remain largely offline for 3-5 weeks following last week's drone attack, AP reports, adding further pressure to global oil supply. The pipeline can carry up
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FT: The Saudi relief valve is being closed, as Houthis’ Red Sea blockage remains largely an oil shock rather than a general threat to trade
FT: The Saudi relief valve is being closed, as Houthis’ Red Sea blockage remains largely an oil shock rather than a general threat to trade
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U.S. Energy Secretary Wright: Trend in 7-day rolling average of oil shipments through Hormuz is rising and will continue to rise
U.S. Energy Secretary Wright: Trend in 7-day rolling average of oil shipments through Hormuz is rising and will continue to rise
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If Democrats regain control of the House, the Trump administration's Venezuela oil deal will face a congressional investigation.
Wall Street Journal Insights, citing Politico, reported that the Trump administration recently brokered a deal involving 17 Venezuelan oil fields with proven reserves of up to 65 billion barrels. The
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Trump says U.S. may keep Iranian oil 'like Venezuela' as Hormuz talks stall, citing Venezuela deal revenue 'paid for war many times'
Former President Trump stated on Sunday that the U.S. could continue its campaign against Iran and take control of its oil, likening it to the deal with Venezuela. He added that U.S. revenue from the
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Guyana's President: Oil Revenue Surges Due to Iran Conflict
Guyana's President, Mohamed Irfaan Ali, stated that the country's oil revenues have sharply increased in recent months due to the Iran conflict reshaping global markets. He emphasized that he does not
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Ukrainian drone evades Russian helicopter fire to strike oil tanker
Ukraine has released footage showing a drone evading fire from a Russian helicopter before striking a sanctioned oil tanker in the Black Sea. This is part of a wider campaign targeting vessels Ukraine
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Saudi Pipeline Outage Threatens 4% Global Oil Supply Loss Unless Pumping Resumes Within Days
Traders and sources indicate that the outage of a Saudi pipeline could lead to a loss of 4% of global oil supply if pumping does not resume within days. Saudi Arabia reportedly has storage at Yanbu fo
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Yemen's Houthi rebels have taken full control of the Bab el-Mandeb Strait region. Saudi Arabia's East-West oil pipeline was preventatively shut down after an attack. On the 10th, the number of vessels passing through the Bab el-Mandeb Strait plummeted to six.
Yemen's Houthi rebels have taken full control of the Bab el-Mandeb Strait region, leading to the precautionary shutdown of Saudi Arabia's East-West oil pipeline after an attack. As a result, the numbe
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Iran's Oil Exports Remain Severely Constrained Nearly Two Months into Renewed US Naval Blockade
Iran's Oil Exports Remain Severely Constrained Nearly Two Months into Renewed US Naval Blockade
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IEA Warns Oil Demand May Have to Fall Further as Iran War Drags
The International Energy Agency (IEA) cut its forecast for oil demand, stating that consumption may need to decline further in the coming months as the Iran war continues and consumers are forced to a
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China Dips Back Into Oil Market, Keen to Shore Up Inventory as Hormuz Hostilities Stoking Prices
Analysts say China is returning to the oil market, eager to replenish its inventory after a significant reduction had cushioned the impact of the war, with renewed hostilities in the Strait of Hormuz
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The Pentagon is taking a stake in a private Venezuelan oil company in what President Trump called “the biggest oil deal in world history.”
The Pentagon is taking a stake in a private Venezuelan oil company in what President Trump called “the biggest oil deal in world history.”
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OPEC Further Cuts 2026 Oil Demand Growth Forecast, Raises 2027 Outlook Amid Oil Prices Surpassing $100
The Organization of the Petroleum Exporting Countries (OPEC) has once again cut its forecast for global oil demand growth for 2026 to 380,000 barrels a day, down from a previous estimate of 580,000 ba
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TotalEnergies to Bring New Angola Discovery Online in Just Three Months
TotalEnergies on Thursday announced its Acacia-5 discovery in Block 17, made in June 2026, is expected to achieve first oil in just three months by utilizing available capacity on the nearby Pazflor F
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Russia's Crude Output Fell in August as Ukraine Steps Up Strikes on Oil Assets
Russia's production of crude oil shrank in August, lagging further behind its OPEC+ quota, after Ukraine stepped up attacks on the nation's oil assets.
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Saudi Arabia cuts oil output to this year's lowest level due to Houthi threats
The world's biggest oil exporter was forced to cut production after Houthi rebels announced a 'maritime embargo' against the kingdom’s exports in July.
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Iraq Tenders for Two Supertankers to Secure Oil Exports via Hormuz Amid Threats
Iraq is holding a tender to hire two or more oil supertankers to perform transits through the Strait of Hormuz. This move aims to ensure the country’s crude exports while the vital waterway remains un
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ExxonMobil, ANPG and Partners Announce 20th Oil Discovery in Angola's Deepwater Block 15
ExxonMobil, Angola's National Oil, Gas and Biofuels Agency (ANPG) and their Block 15 partners confirmed a new oil discovery at the Vicango Este-01 well on Wednesday. This marks the deepwater block's 2
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Indian Refineries Operate at 108% Capacity to Meet Surging Diesel Demand and Tight Fuel Markets Due to Middle East Crisis
An executive at Mangalore Refinery and Petrochemicals Limited (MRPL) stated on Wednesday at the APPEC oil conference in Singapore that Indian refineries have been operating at 105% to 108% of their ca
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Sinopec research arm expects China's oil demand to shrink by 600,000 barrels a day in 2026 due to US-Iran war and EV adoption
Sinopec research arm expects China's oil demand to shrink by 600,000 barrels a day in 2026 due to US-Iran war and EV adoption
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Escalating US-Iran conflict heightens environmental risks in the Strait of Hormuz; on September 8, US forces attacked five Iranian oil tankers.
Al Jazeera reported that the United States and Iran have been mutually attacking oil tankers and vessels in and around the Strait of Hormuz, raising concerns about a catastrophic oil spill in the Gulf
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Iraq Seeks Significant Output Quota Increase During OPEC+ Audit
Iraq is seeking a significant increase in its oil production quota as OPEC and its allies conduct a review of members’ capacities aimed at determining how much they can pump next year, according to pe
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